QQQE:NASDAQDirexion NASDAQ-100 Equal Weighted Index ETF analysis
Data as of Oct 15, 2026 - not real-time
- Latest price
- $118.52
- Risk: low
- 2/10Low risk
Summary
At $118.52, Direxion NASDAQ-100 Equal Weighted Index Shares shows no decisive moving-average alignment, leaving the trend neutral. The last 30 days have lost 1.2%. RSI sits at 41.0, which reads as neutral, and MACD momentum is bearish. Watch $117.05 as support and $123.45 as the nearer resistance level.
The 0.35% expense ratio is competitive for its category, and the fund manages $1.42B in assets.
Risk scores 2 out of 10, which is low for this asset class. With 30-day volatility of 13.2%, a beta of 1.14 and a maximum drawdown of 9.6%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 90 on the fear-greed composite.
The horizons line up on hold — conviction 3 out of 10.
The 0.35% expense ratio is competitive for its category, and the fund manages $1.42B in assets.
Risk scores 2 out of 10, which is low for this asset class. With 30-day volatility of 13.2%, a beta of 1.14 and a maximum drawdown of 9.6%, the drawdown profile is forgiving relative to most of the market. The wider market backdrop reads extreme greed at 90 on the fear-greed composite.
The horizons line up on hold — conviction 3 out of 10.
Top market events
- Yahoo Finance17dIs Direxion NASDAQ-100 Equal Weighted Index ETF QQQE a Strong ETF Right Now?
- SpaceX SPCX is about to become a much bigger piece of the ETF universe, and investors may feel the impact even if they...
Market outlook
Short term
< 1 yearNeutral
Model confidence3/103 out of 10
Key factors
- Trading above the 200-day average of 112.25
- MACD momentum is negative
- RSI at 41.0 is in neutral territory
Medium term
1–3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- Trading above the 200-day average of 112.25
- MACD momentum is negative
- 30-day volatility of 13.2%
Long term
> 3 yearsNeutral
Model confidence3/103 out of 10
Key factors
- 30-day volatility of 13.2%
- Beta of 1.14 versus the benchmark
- Trading above the 200-day average of 112.25
Key metrics
Fund metrics
Expense Ratio0.35%
AUM$1.4B
Inception Date2012-03-21
Avg Daily Volume200,050
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield0.59%
Technical analysis
TrendNeutral
RSI41.0
Support$117.05
Resistance$123.45
MA 20$120.64
MA 50$120.98
MA 200$112.25
MACDBearish
VolumeStable
Fear & Greed Index89.95
Risk assessment
Beta1.14
Volatility13.23%
Sector RiskMedium
Currency RiskLow
Liquidity RiskMedium
Similar tickers
This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.